The Port of Greater Cincinnati Development Authority along with the Northern Kentucky Port Authority have formally re-designated the Port of Cincinnati to include a larger geographic area, including a 226.5 mile reach of the Ohio River and a 7-mile reach of the Licking River.

President Obama’s recent 2016 budget has set aside $478 billion for infrastructure plans over the next six years but has created uncertainty for some port projects in the U.S. that had expected greater backing.

Investment of $62.5 million has been approved by the U.S. Army Corps of Engineers in order to fast-track dredging work to deepen the Delaware River main channel and improve access to the Port of Wilmington for larger vessels.

An estimated $2 billion is expected to be invested in improvements to ports, terminals, shipping and waterway infrastructure in the Great Lakes region in the period from 2014 to 2018, according to research from maritime consultancy Martin Associates.

Danish shipping line Maersk may be knocked off the top spot for containerised US imports by rival Mediterranean Shipping Company (MSC) for the month of December, according to data from PIERS, a division of the JOC Group.

PFI News Archive

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